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Philips Gets Big Boost in the U.S.
With $5 Billion Deal to Supply Dell

By

Dan Bilefsky Staff Reporter of The Wall Street Journal

Updated March 27, 2002 10:41 a.m. ET

AMSTERDAM -- Philips Electronics NV has signed a $5 billion deal to supply components to Dell Computer Corp. of the U.S., a move that will help raise the Dutch consumer-electronics giant's profile in the lucrative U.S. market.

Philips will supply traditional cathode-ray-tube and flat-panel monitors and storage devices such as CD-ROMs to Dell, the world's biggest computer maker. The Dutch company said the alliance will add $5 billion...